SINGAPORE (May 21): More than a decade after ceasing hospital operations in Singapore, Health Management International (HMI) is making a comeback. The company, which runs two tertiary hospitals in Malaysia — the Regency Specialist Hospital in Johor and Mahkota Medical Centre in Melaka — has struck a deal to own a majority share in a specialist day-surgery centre here.  

The move back is driven by the growing demand for private healthcare — particularly ambulatory care, or outpatient services and procedures — in Singapore, says HMI CEO Chin Wei Jia. And, an ambulatory care centre tends to cost less to operate than a full-fledged, multi- disciplinary hospital, analysts say.  

“The ageing population as well as medical tourism are still strong factors in Singapore for private healthcare,” Chin tells The Edge Singapore.  

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